Those people with $80k cars tend to lease, which can have tax advantages, but you are still paying $1k a month to rent a car that you put 20-30% down on.
That touches on that income creep issue as people increase their lifestyle expenses along with income and don’t understand how they are living paycheck to paycheck with no savings, retirement, investments, and can’t afford to have your midlife crisis on the world’s tallest peak.
Those people with $80k cars tend to lease, which can have tax advantages, but you are still paying $1k a month to rent a car that you put 20-30% down on.
That touches on that income creep issue as people increase their lifestyle expenses along with income and don’t understand how they are living paycheck to paycheck with no savings, retirement, investments, and can’t afford to have your midlife crisis on the world’s tallest peak.
Buy a Honda, climb the mountain.